Article by Stewart Weintraub on "The COVID-19 Challenge and How It Is Affecting Businesses, Individuals"
In an article published on April 21, 2020 in The Legal Intelligencer, Stewart Weintraub discusses what the government is doing to help individuals and businesses amid the COVID-19 pandemic within the city of Philadelphia and the commonwealth of Pennsylvania and what tax payers should consider during and after this time.
“As tax deadlines approach (and pass), individuals and businesses are faced with the dilemma of how to appropriately assess their finances,” explains Weintraub.
Earlier in the month, the City Department of Revenue published a series of policy statements regarding the administration of its taxes. The department’s guidance included 2019 individual and business tax filings.
“The COVID-19 crisis will likely cause significant revenue shortfalls for fiscal 2020 and will create significant budgetary issues for fiscal year 2021,” says Weintraub.
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